This report elucidates the role of financial innovation in the off-grid solar sector and provides a roadmap for practitioners, financiers, and entrepreneurs navigating capital raises for companies active in the sector. It examines a full range of established and frontier financing options. It illustrates that some technology-enabled financial innovations, such as peer-to-peer business lending, are already playing an important role in the sector. It was prepared by the World Bank Group and the Cambridge Centre for Alternative Finance, the University of Cambridge Judge Business School, with support from ESMAP.
Energy Sector Management Assistance Program. 2020. Funding the Sun: New Paradigms for Financing Off-Grid Solar Companies. World Bank, Washington, DC. © World Bank. License: CC BY 3.0 IGO. https://openknowledge.worldbank.org/handle/10986/33331